Our Story

The journey of BetSwirl began in May 2021 when a small but passionate team of three — a Solidity developer, a frontend developer, and a product designer—saw the untapped potential of Web3 to power a fair, decentralized gaming experience. With the launch of Chainlink’s VRF (Verifiable Random Function), the technology we needed to create a provably fair on-chain casino finally arrived, and BetSwirl was born.

Building the Foundation

In late 2021, we took our first major step by launching the BetSwirl dApp on the Polygon testnet. With an initial strategic sale of $80k, we secured the funding to build out more features and expand our vision. By February 2022, BetSwirl made its grand debut on the Polygon mainnet, introducing our first games to the public.

However, the road wasn’t always easy. As we began a private sale in Q1 2022, unforeseen geopolitical challenges and a downturn in the market impacted our goals. Our Initial DEX Offering (IDO) raised $240k—short of our $480k target—but it fueled the launch of BETS, our native token, which set us on a path to resilience and innovation.

Expansion and Partnerships

April 2022 marked a significant milestone as BetSwirl expanded to the BNB Chain and Avalanche, bringing our platform to a wider audience of blockchain enthusiasts. Then, in May, we launched our B2B offering, allowing other protocols to incorporate our games into their ecosystems with white-label solutions. Our first partner, Titano.finance, quickly saw the value, using our white-label dApp to enhance their own TITANO token utility. Shortly after, Sphere.finance joined as a partner, and we built a customized platform that allowed users to bet with SPHERE tokens. By June, BetSwirl was gaining traction, and our reputation as a leader in blockchain-based betting grew.

In Q3 2022, another B2B partnership saw us launch a white-label platform for Thorfi.io. With BetSwirl’s growing network and the trust of our partners, our revenue reached an impressive $110,000.

New Games, Features, and a Community

As our community expanded, so did our offerings. In Q1 2023, we focused on transparency and analytics, releasing dashboards on Token Terminal, DefiLlama, and Dune. The community could now track BetSwirl’s progress in real-time. Then, in Q2, we introduced our first PvP (player-vs-player) game — Russian Roulette — followed by Keno, BETS staking, and our much-anticipated Sports Betting feature.

Challenges continued to shape us. In Q3 2023, due to issues with our initial bridge, we introduced BETS v2, allowing seamless cross-chain transfers through Chainlink CCIP. This upgrade enabled us to airdrop tokens to our loyal holders and redeploy staking contracts, further reinforcing our commitment to our community and adaptability to new technology.

A Future Filled with Innovation

In Q4 2023, we launched our second PvP game, Coin Flip Battle, bringing an even more engaging experience to our players. Then, in April 2024, we released our Telegram bot SwirlBot, making it even easier for our community to engage with BetSwirl’s features directly from their messaging app.

With each milestone, BetSwirl has grown, learning from the past and building towards a future of innovation, fairness, and community-driven development. Today, we’re tirelessly working on BetSwirl v2, with exciting new features on the horizon.

Our journey reflects a vision—a decentralized gaming ecosystem where users can trust in provable fairness, enhanced utility, and a seamless experience across chains. At BetSwirl, the game has only just begun.